1.3.2 Integration Processing
- Forward FX linkage available for selection at bill would be as follows and on
select system defaults date, available amount, bot currency, sold currency and
rate.
- Active Forward FX transactions authorized not marked for auto liquidation.
- Counterparty of the FX contract should be the counterparty of the BC/LC contract
- BC/LC contract currency should be BOT currency of the FX transaction in case of an export BC/LC or the SOLD currency in case of an Import BC/LC.
- BC maturity date/LC expiry date should be greater than or equal to FX Value date
- Available amount for linkage should be greater than Zero. Available amount will be FX contract amount minus the linked amount
- Exchange rate defaulted from the linked FX
- Along with this user manual you may also refer the following related resource
for detailed FX flow and related amount FX tags used:
- Bills and Collections User Guide – Section ‘FX Linkage’ and ‘Accounting Entries and Advices’
- Islamic Bills and Collections User Guide – Section ‘FX Linkage’ and ‘Accounting Entries and Advices’
- Letters of Credit User Guide – Section ‘FX Linkage’ and ‘Accounting Entries and Advices
- Islamic Letters of Credit User Guide – Section ‘FX Linkage’ and ‘Accounting Entries and Advices
Parent topic: Integration Process